Asia Fresh News

Asia Fresh Stories

Archive for December 31st, 2012

Engineering Listed on HKEx Main Board

leave a comment »

SHANGHAI /PRNewswire/ — Wison Engineering services. Co. Ltd. (“Wison Engineering”or the “Company”), the largest private sector chemical engineering, procurement and construction management (“EPC”) service provider in China by 2011 revenue, commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited today under the stock code of 2236.
Shares of Wison Engineering closed at HK$ 2.79, with the total number of shares traded amounting to approximately 97.6 million shares. Total turnover of the Company’s shares amounted to approximately HK$ 272.6 million. The Company’s net proceeds from the Global Offering are approximately HK$ 1,190.6 million which will be used to enhance research development and expand daily operation.
In its public offering on 13 December 2012, Wison Engineering offered 600,000,000 Shares in the Global Offering comprising 480,000,000 new Shares and 120,000,000 Sales Shares. Wison Engineering has enlisted Chow Tai Fook Nominee Limited (“Chow Tai Fook”), Solar City Holdings Limited (“Solar City”) and EA Asia Absolute Return Master Fund (“EA Asia”) as cornerstone investors.
Mr.Hua Bangsong, Senior Vice President of Wison Engineering said, “The Hong Kong listing is an important milestone for the development of Wison Engineering. The successful listing not only enhances our capital strength, but also further strengthens our leading position in the industry and will accelerate the Company’s next stage of development.”
Wison Engineering has enjoyed solid growth in the past three years. From 2009 to 2011, the Company’s revenue had a compound annual growth rate (CAGR) of 63.5%, while its profit and total comprehensive income attributable to shareholders of the parent had a CAGR of about 58.5%.
The demand for oil refineries and petrochemicals products has soared on the back of global economic growth, especially the fast pace of China’s development in the past 20 years. Meanwhile, the Chinese government has encouraged coal-based chemical production to reduce dependence on petroleum, which has greatly expanded the EPC market in oil refining, petrochemicals and coal-to-chemicals industries. Wison Engineering has leveraged the enormous market opportunities to become the largest private sector chemical EPC service provider. With its project execution experience and established network of suppliers and sub-contractors, Wison Engineering has forged close partnerships with clients. Furthermore, we have been awarded over 30 patents and our company is also one of the six in the world to have developed proprietary commercial ethylene cracking furnace technologies, as well as patented coal-to-chemicals technologies including MTO light olefins separation technology.
Mr. Hua Bangsong added, “Looking forward, we will take advantage of the favorable operating environment with our strengths in project execution and technological innovation, along with our proven track record and established supplier and sub-contractor network. We will further strengthen our design and engineering capabilities, consolidate and fortify our leadership position as a leading provider of EPC services in China’s petrochemical industry, continue to recruit talent and capitalize on the experience gained from our milestone projects in China to grow our presence in international markets, including Southeast Asia, the Middle East, West Africa and Latin America, to maximize returns to our shareholders.”
Source: Wison Group

Written by asiafreshnews

December 31, 2012 at 2:39 pm

Posted in Uncategorized

The 2012 Perfect Rising Star Creative Competition Draws to A Successful Close

leave a comment »

BEIJING /PRNewswire/ — The Perfect Rising Star Creative Competition, the seven-month-long competition which sought to identify and reward excellence in creative thinking, drew to a successful close with the awards ceremony which took place in Beijing on December 19, 2012. Perfect World Co-CEO Xiao Hong, together with the guests from the Central Academy of Fine Arts, Guangzhou Academy of Fine Arts, Peking University, Communication University of China, Beijing Film Academy and other colleges and universities, as well as a number of leading media organizations, attended the ceremony, jointly witnessing the arrival of the perfect Rising Star winners and sharing in the showcase of the unique originality of Chinese culture.

Perfect World Co-CEO Xiao Hong delivering a speech
At the awards ceremony, Xiao Hong said: “As a company focusing on fostering creative talent, Perfect World would like to make contributions to China’s creative industry.” Meanwhile, he said: “Creative talent is indispensable to the development of many industries including game animation. We hope that the competition can help set a benchmark and contribute to the whole industry.”
Xiao Hong further added, “With the aim mainly focused on selecting and exhibiting excellence in creative works, the competition is geared to all of China’s college students who love their creative side and who dream of making use of that creativity in what they do. Perfect World hopes that through the competition, more of that creative spirit can be identified and brought to the fore, and can serve as a well of talent ready to contribute their creativity and imagination to China’s culture.”
The 2012 Perfect Rising Star Creative Competition took artistic expression as an entry point and gathered more than 2,000 selected works from five major cities – Beijing, Shanghai, Guangzhou, Chengdu and Wuhan. The top 20 winners, after going through a stringent multi-stage filtering and selection process, were chosen to be the Perfect Rising Stars and presented with their awards at the ceremony, demonstrating the successful conclusion of the competition.
Following the awards ceremony, Mr. Xiao Hong attended the kick-off ceremony for the 2013 Competition together with the college leaders and media guests in attendance. In 2013, the Perfect Rising Star Creative Competition will widen its focus to include music, photography, videography, programming and game design, offering more opportunities for people to display their creative talents. In addition, the competition aims to create even more opportunity for creative minds worldwide to learn about and fall in love with Chinese culture via the platforms of Perfect World.
Source: Perfect World Co., Ltd.

Written by asiafreshnews

December 31, 2012 at 11:45 am

Posted in Uncategorized

Canton Fair — “A Burgeoning Platform for Africa-China Trade”

leave a comment »

GUANGZHOU, China /PRNewswire/ — Trade between China and Africa has displayed sustainable growth despite the ongoing global financial crisis. According to Chinese customs data, Sino-African trade value rose 31% to $166.3 billion last year. As of April 2012, China’s direct investment in Africa totalled $15.3 billion – a 30-fold increase from a decade ago – and China has been Africa’s largest trading partner for the last three years.
Many African businesspeople have achieved great success by attending the Canton Fair. Of the 188,145 foreign buyers who attended the 112th Canton Fair, which closed early last month, 13,362 (over 7%) were from Africa. This has positively impacted the commercial development of the continent and enhanced the quality of life of many African people. The deepening trade ties between China and Africa are not only evidenced by an increase in trade volume, but also by the strengthening of countless business relationships and a growing reliance of Africa on the quality and competitive price of China-sourced goods.
The competitive price of goods available through the Canton Fair is clearly a major draw for many African importers. One Nigerian businesswoman, in Guangzhou to purchase window frames and rainwear, said the 112th Canton Fair was the fourth consecutive event she had attended. “Chinese goods are of ideal price and good quality,” she asserted, having exhaustively surveyed exhibitors’ prices.
A 46-year-old Burkina Faso businessman revealed that he’d been attending the Canton Fair twice a year since 2004. An experienced purchaser at the Fair, he is accustomed to inspecting products, asking prices, taking notes, and requesting catalogues and name cards.
Paul Chisora decided to attend the Canton Fair after seeing an advertisement on a website. The 20-year-old Zimbabwean was hoping to buy competitively priced gift items such as cups, vases and stationery, to be branded and sold later in his own country.
Former Vice-Minister of Commerce Wei Jianguo said recently that he expects China’s trade with Africa to hit USD 220 billion this year, and that it will surpass Sino-American and Sino-European trade over the next five years. The Canton Fair will surely continue to play a major part in this trend.
The 113th Canton Fair will be in April & May 2013 in Guangzhou, China.
For further information please visit: http://www.cantonfair.org.cn
Source: The Canton Fair

Written by asiafreshnews

December 31, 2012 at 9:57 am

Posted in Uncategorized